Ahmad Dhaher asked 6 months ago

Im a US Citizen and live in Ca. Do I need to pay Taxes to the IRS when dealing with BitCoin transactions ? Thank you.

1 Answers
Zsofia Elek answered 6 months ago

Hi Ahmad,
The regulation of Bitcoin has very different treatment in each country and there are differences between even the US states how they treat cryptocurrencies. I suggest you find a local tax consultant who is familiar with digital assets and the local legislation about Bitcoin in your area and they should be able to help you.